Ag & Business Legal Strategies: Tips to Boost Approval Odds for 2026 Operating Line of Credit Applications

Joe Peiffer with Ag & Business Legal Strategies advises farmers on end-of-year financial planning, including preparing records, avoiding common credit mistakes, and evaluating equipment purchases for 2026.

WASHINGTON, D.C. (RFD-TV) — As the year winds down, many farmers are taking a close look at their balance sheets and cash-flow records to prepare for tax season and make smart decisions about input purchases for the year ahead. With 2026 operating line of credit applications underway, financial planning is top of mind across the countryside.

Joe Peiffer with Ag & Business Legal Strategies joined us on Monday’s Market Day Report to offer timely end-of-year guidance.

In his interview with RFD-TV News, Peiffer outlined the key records and materials farmers need to have updated before applying for their 2026 operating line of credit. He also discussed some of the most common mistakes producers make during the application process and how avoiding those pitfalls can improve their chances of approval.

Peiffer addressed the frequent end-of-year rush to purchase equipment in hopes of claiming capital expenses on spring tax returns. He shared several important factors farmers should weigh when deciding whether to buy now or hold off until next year. He also explained how a producer’s current debt load should influence that decision.

Finally, Peiffer cautioned farmers to think carefully before making a purchase they are only “mostly sure” they need before the end of the year, highlighting why the perceived tax advantage may not outweigh long-term financial considerations.

Related Stories
Brooks York with AgriSompo joined us with his outlook on crop insurance and risk management following the recent winter storm that tore through most of the United States, including the Midwest.
Payment totals alone do not show financial stress — production costs and net losses complete the picture.
Without additional support, many soybean operations will continue to face financial stress as they prepare for the 2026 crop.
Placements and marketings beat expectations, but declining on-feed totals and feeder constraints keep the supply story supportive for cattle prices into 2026. Dr. Derrell Peel, with Oklahoma State University, joined us to break down cattle-on-feed numbers and provide his broader market outlook.
USDA Rural Development Director for Kentucky, Travis Burton, joined us to discuss the Princeton facility (formerly Porter Road Meats), now backed by the USDA, and its role in expanding domestic meat processing capacity.
Farm CPA Paul Neiffer joined us to break down the recent Fifth Circuit Court decision overturning a prior Tax Court decision on self-employment tax for limited partners, the ruling’s impact on farmers, and potential next steps in Congress.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

Early indications suggest the U.S. cattle industry may be nearing the end of its liquidation phase. Oklahoma State University livestock economist Dr. Derrell Peel says the industry could be at or near the cyclical low.
Sen. Amy Klobuchar has four years remaining in her Senate term and could decide to continue serving in that role while campaigning for Governor of Minnesota.
STRAUSS CEO Henning Strauss joined us with a preview of “Meet Strauss: The Tool You Wear,” premiering live tonight at 7:30 ET — only on RFD Network and RFD+
FarmHER Chris Nellis and her daughters navigate loss while carrying on a 300-year farm legacy, milking cows in upstate New York.
Justin Wheeler with the American Society of Farm Managers & Rural Appraisers joined us with insight into current farmland values and what to watch in the year ahead.
Tennessee 4-H members Jayden Hesson and Matthew Rochford joined us to discuss how 4-H is helping young leaders plan for the future of agriculture.